Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9,520 Activity Variances Planning Budget 9,040 Labor-hours (9) Direct labor 9) $ 154,370 $ 152,320 Indirect labor + $ 1.30 9) 2,572 F 19,836 Utilities ( $ 6,900 + 9) 1,490 U 528 U 16,844 4,340 Supplies + 9) 4,996 4,484 Equipment depreciation ( o None 0 None $ 79,400 $ 18,780 Factory administration + $ 1.30 9) Total expense $ 304,868